Bank · FDIC insured
Washington Trust Savings Rates
Washington Trust’s best savings rate is 0.05% APY on $10,000, with its Freedom Statement Savings. Rates checked October 22, 2026.
How Washington Trust’s savings rates compare
Compared with banks and credit unions near Providence, RI-MA, where Washington Trust has the most branches. $10,000, best rate first.
This bank’s best
Washington Trust
2.35%APY
- Requires
- Another account
- Minimum
- $25
- Earns on $10,000 a year
- $235
High-Rate Savings Account
Top rate
St. Anne's Credit Union
4.95%APY
- Requires
- None
- Minimum
- $2,500
- Earns on $10,000 a year
- $495
2nd-highest rate
Alltrust Credit Union
4.00%APY
- Requires
- Monthly account activity
- Minimum
- $25
- Earns on $10,000 a year
- $400
Washington Trust savings score
74
Savings score
Higher than 37% of U.S. banks and credit unions
- $1,000 balance$1,0000.00%
- $10,000 balance$10,0000.05%
- $100,000 balance$100,0000.05%
- QualifiedQualified2.35%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Washington Trust ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
High-Rate Savings Account
Up to 2.35%APY
Checking account required. Minimum to open is $10,000.00 of non-Washington Trust funds, or $25.00 (may be existing funds) if a Freedom Ultra Checking account holder. Freedom Ultra personal checking customers earn an additional 0.50% APY bonus (tax reported owner on checking must match tax reported owner on savings). $2,500.00 average collected daily balance required to avoid $10.00 monthly service charge; fee waived if Tax Reported Owner is under age 21 or age 62 and older. No municipal or government funds. One account per tax reported owner only.
| Balance | APY | Minimum | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|---|
| Up to $2,500Requires Freedom Ultra Checking account. Opening minimum is $25. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. · $25 to open | 2.20% | $25 | — | Requires Freedom Ultra Checking account. Opening minimum is $25. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. |
| Up to $2,500Standard High-Rate Savings rate. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. · $10,000 to open | 1.70% | $10,000 | — | Standard High-Rate Savings rate. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. |
| $2,500 – $25,000Requires Freedom Ultra Checking account. Opening minimum is $25. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. · $25 to open | 2.35% | $25 | $235 | Requires Freedom Ultra Checking account. Opening minimum is $25. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. |
| $2,500 – $25,000Standard High-Rate Savings rate. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. · $10,000 to open | 1.85% | $10,000 | $185 | Standard High-Rate Savings rate. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. |
| $25,000 – $50,000Requires Freedom Ultra Checking account. Opening minimum is $25. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. · $25 to open | 2.45% | $25 | — | Requires Freedom Ultra Checking account. Opening minimum is $25. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. |
| $25,000 – $50,000Standard High-Rate Savings rate. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. · $10,000 to open | 1.95% | $10,000 | — | Standard High-Rate Savings rate. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. |
| $50,000 – $249,999Requires Freedom Ultra Checking account. Opening minimum is $25. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. · $25 to open | 3.50% | $25 | — | Requires Freedom Ultra Checking account. Opening minimum is $25. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. |
| $50,000 – $249,999Standard High-Rate Savings rate. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. · $10,000 to open | 3.00% | $10,000 | — | Standard High-Rate Savings rate. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. |
| $250,000 and upRequires Freedom Ultra Checking account. Opening minimum is $25. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. · $25 to open | 3.60% | $25 | — | Requires Freedom Ultra Checking account. Opening minimum is $25. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. |
| $250,000 and upStandard High-Rate Savings rate. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. · $10,000 to open | 3.10% | $10,000 | — | Standard High-Rate Savings rate. Monthly fee of $10 waived with $2,500 average collected daily balance or if Tax Reported Owner is under 21 or 62+. |
Sources (1)
- washtrust.com/personal/savings…ounts/promotional-offers · captured Oct 22, 2026
Freedom Statement Savings
0.05%APY
Minimum balance of $300.00 average collected daily balance required to avoid monthly service charge of $3.00. No fee assessed if Tax Reported Owner is under age 21 or age 62 and older.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $2,500Monthly fee of $3.00 waived with $300 average collected daily balance or if owner is under 21 or 62+. | 0.00% | — | Monthly fee of $3.00 waived with $300 average collected daily balance or if owner is under 21 or 62+. |
| $2,500 – $25,000Monthly fee of $3.00 waived with $300 average collected daily balance or if owner is under 21 or 62+. | 0.05% | $5 | Monthly fee of $3.00 waived with $300 average collected daily balance or if owner is under 21 or 62+. |
| $25,000 – $50,000Monthly fee of $3.00 waived with $300 average collected daily balance or if owner is under 21 or 62+. | 0.05% | — | Monthly fee of $3.00 waived with $300 average collected daily balance or if owner is under 21 or 62+. |
| $50,000 – $250,000Monthly fee of $3.00 waived with $300 average collected daily balance or if owner is under 21 or 62+. | 0.05% | — | Monthly fee of $3.00 waived with $300 average collected daily balance or if owner is under 21 or 62+. |
| $250,000 – $1,000,000Monthly fee of $3.00 waived with $300 average collected daily balance or if owner is under 21 or 62+. | 0.05% | — | Monthly fee of $3.00 waived with $300 average collected daily balance or if owner is under 21 or 62+. |
| $1,000,000 and upMonthly fee of $3.00 waived with $300 average collected daily balance or if owner is under 21 or 62+. | 0.05% | — | Monthly fee of $3.00 waived with $300 average collected daily balance or if owner is under 21 or 62+. |
Sources (3)
- washtrust.com/personal/savings-accounts
- washtrust.com/personal/savings…ounts/promotional-offers
- washtrust.com/es/personal/savings-accounts
All captured Oct 22, 2026
Special-purpose accounts
Minor Savings Account
3.00%APY
Minors are required to be the primary account holder and must have a joint owner on the account that is 18 years of age or older. A monthly fee (maintenance service charge fee) of $5.00 will be imposed each statement period if the primary account holder is 23 years of age or older.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| $25 and up | 3.00% | $300 |
Sources (1)
- washtrust.com/personal/checkin…ccounts/student-checking · captured Oct 22, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.